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Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $18,310,000 Net operating income $920,000 Average operating assets $6,300,000 The division's margin-is closest to: a. 1.84% b. 7.80% c. 5.02% d. 8.20%

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $18,310,000 Net operating income $920,000 Average operating assets $6,300,000 The division's margin-is closest to: a. 1.84% b. 7.80% c. 5.02% d. 8.20%

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 37P
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Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $18,310,000 Net operating income $920,000 Average operating assets $6,300,000 The division's margin-is closest to: a. 1.84% b. 7.80% c. 5.02% d. 8.20%
Transcribed Image Text:Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $18,310,000 Net operating income $920,000 Average operating assets $6,300,000 The division's margin-is closest to: a. 1.84% b. 7.80% c. 5.02% d. 8.20%
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